New production and trade patterns due to climate change policy interventions are increasingly affecting the wine sector. This paper investigates how of in main producing regions respond changes interventions. An approach based on a combination Ricardian models suggests that higher temperatures benefit both wine. A gravity-based analysis shows effects global heterogeneous dependent specific obje...

This paper explores the possibility of international technology transfer in lieu trade a model with absolute and comparative advantage. Countries having advantage producing good may offer that to possible trading partner against fee both countries might gain. Thus, gains from be dominated by depending on extent advantages. We provide detailed conditions under which free equilibrium will pre-emp...

Recent studies on the so-called double dividend hypothesis find that environmental tax swaps exacerbate the costs of the tax system and therefore do not produce a double dividend. We extend these models by incorporating a fixed-factor in the production of the polluting good and, therefore, allowing Ricardian rents to be generated in the economy. In this setting, an environmental tax reform with...

Consensus monetary business cycle theory is hardly able to rationalize why ...scal policy is repeatedly found to stimulate private consumption and why monetary policy should care about Ricardian ...scal policy. In this paper we demonstrate that this changes when government bonds provide liquidity services. We develop a simple business cycle, which can be solved analytically, where money is supp...